$1,400,000

4023 N Hall St 01-08

Dallas TX, 75219

Description

This 8-unit multifamily property located in the heart of Oak Lawn is a stabilized investment in a strong Dallas submarket. Built in 1973, the property is currently operating at an NOI of $101,332 at an actual cap of 7.24%. 7 units are fully furnished Airbnb rentals ranging from $1,600 a month - $2,500 a month, while the other unit is a non-furnished, yearly rental currently rented at $1,100 a month (643 sf). Average asking rents in the submarket are around $2,030 a month. Z Property Management currently manages the property at a 5% fee and are willing to stay on the property for up to 6 months after sale at the same rate.

Details

MLS#14210344
Sub-TypeResale
StatusActive
Year1973
Days On Site28

Features

SQ Feet6,198
Units8
Building(s)1

Market Activity 75219

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Area Information

StateTX
CountyDallas
CityDallas
Zip Code75219
AreaDALLAS OAK LAWN (17)
Listing VS Median (in 75219)
Price:
$1,400,000
low | high
Med:
$240,000
100% of Average
SqFt:
6,198
low | high
Med:
837
100% of Average
$ / SqFt:
$226
low | high
Med:
$287
23.056835637481% of Average
On Site:
28
low | high
Med:
4
100% of Average
Listing Updated: 11/13/2019
MLS Number: 14210344
Listing Provided By:
Logan Waller  of  Waller Group LLC

All information provided by seller and is deemed to be correct, but is not guaranteed.  Buyer to verify and satisfy themselves with all information listed including but not limited to lot size, room sizes and square footage.  Buyers are encouraged to have property inspected by inspector of their choice.  Price subject to change.